NEW YORK — America is slowly moving toward cleaner sources of energy and using less of it overall. President Barack Obama’s plan to fight climate change will accelerate those trends.
The plan aims to reduce power-plant emissions of carbon dioxide, increase America’s reliance on natural gas and renewables and make trucks, homes and businesses more efficient.
Some parts of the plan will take months to work out and years to go into full effect. The most ambitious part seeks to rein in one of the biggest sources of carbon dioxide emissions: coal-fired power plants. The Environmental Protection Agency will create the first-ever federal limits on these emissions, which trap heat in the earth’s atmosphere.
Obama also seeks to increase funding for clean energy research by 30 percent to $7.9 billion and make $8 billion in federal loan guarantees available to projects that could help capture and bury the carbon dioxide produced at power plants.